gold – Benefits Canada.com

2023 Risk Management Conference: How labour market pressures are affecting inflation rates

bmcgovern — Wed, 18 Oct 2023 11:56:15 +0000

A tight labour market will have to loosen up in order to help reduce inflation rates, said Ilan Kolet, institutional portfolio manager at Fidelity Investments, during the Canadian Investment Review’s 2023 Risk Management Conference. In 2022, inflation severely impacted the dynamic between stocks and bonds leading to a painful year, he said. “[Inflation] increases the correlation between […]

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2022 GIC coverage: A look at diversification opportunities as inflation rises

Gideon Scanlon — Mon, 30 May 2022 12:58:25 +0000

King Midas’ gold-heavy investment portfolio wasn’t built for long-term growth, rather as an effective hedge against long-term inflation. “The 150-year real return of gold has been plus 0.2 per cent, so it’s not a very attractive asset from a long-term perspective,” said Inigo Fraser-Jenkins, co-head of institutional solutions at AllianceBernstein, during a session at the […]

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Back to basics on gold

Jennifer Paterson — Thu, 14 Apr 2022 12:53:28 +0000

At the beginning of 2020, the OPSEU Pension Trust upped its gold allocation to close to six per cent of its total fund after a comprehensive portfolio assessment. The decision paid off. In an environment of historically low interest rates and coronavirus-related market uncertainty, the commodity’s price skyrocketed to reach an all-time high of US$2,000 […]

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Institutional investors taking closer look at Bitcoin, gold amid inflation fears

mdunne — Tue, 29 Jun 2021 13:00:16 +0000

Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility of inflation. Lately, much has been made of the potential for inflation to emerge given sustained low interest rates and the large deficits that many governments have incurred due to […]

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Is gold really a good hedge for inflation?

mschmit — Mon, 28 Sep 2020 11:15:33 +0000

Since the mid-1970s, gold prices have increased in periods when investors were concerned about future inflation. Currently, gold prices are near highs comparable to January 1980, when concerns about stagflation were prevalent, and to August 2011, during widespread concerns about the impacts of quantitative easing. A new paper by Claude Erb, a retired managing director […]

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Ontario Teachers’ posts -0.4% return for Q1, rebalances away from fixed income

mschmit — Tue, 25 Aug 2020 06:15:57 +0000

The Ontario Teachers’ Pension Plan posted a negative return of 0.4 per cent in the first half of 2020. “The pandemic has brought some specific challenges,” said Jo Taylor, the plan’s president and chief executive officer, on a conference call on Tuesday. “Global economic growth has come to a standstill, job losses have spiralled upwards, […]

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CPPIB shedding shares of Canadian gold mine developer

mschmit — Mon, 27 Jul 2020 11:00:41 +0000

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. Read: Caisse buying return royalty […]

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Caisse buying return royalty on gold at Quebec-based mine

mschmit — Thu, 07 May 2020 11:00:33 +0000

The Caisse de dépôt et placement du Québec is purchasing a three per cent net smelter return royalty on gold production at Monarch Gold Corp.’s Beaufor mine in Quebec for $5 million. The $5 million will be payable to Monarch in two instalments — $3 million upon closing of the transaction and an additional $2 […]

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Fed takes emergency steps to slash rates and ease bank rules

mschmit — Mon, 16 Mar 2020 04:12:46 +0000

The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signalled its rising concern that the viral outbreak will depress economic growth in […]

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North American stock markets set record highs after China cuts tariffs in half

mschmit — Fri, 07 Feb 2020 03:20:10 +0000

North American stock markets marched to record highs Thursday on dissipating virus risks and China saying it would cut tariffs on U.S. imports in half. After two risk-on days, investors have sunk more money into defensive sectors such as telecommunications, consumer staples, real estate investment trusts, gold and utilities in both Canada and the U.S. […]

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